Predictable Trade, Investment, and Macro Policies Needed amid Supply Chain Disruptions
Southeast Asian countries need to have predictable investment climate as well as trade and macro policies to ease investors' concerns amid global uncertainties disrupting global value chains, experts said during the Asian Development Bank's (ADB) third Southeast Asia Development Symposium (SEADS).
In the session, "Enhancing ASEAN's Participation in the Global and Regional Value Chains," Caroline Freund, dean of the School of Global Policy and Strategy at the University of California San Diego, said since the region is already fairly competitive in terms of productivity and logistics, the most important thing countries can do now is to make sure they have predictable policies in the eyes of investors.
The panel examined the risks and challenges facing ASEAN's participation in global value chains and production networks and identified policies to enhance its contribution.
- Moderator: Mia Mikic, Advisor, Asia-Pacific Research and Training Network on Trade
- Keynote: Caroline Freund, Dean, School of Global Policy and Strategy, University of California San Diego
- Badri Narayanan Gopalakrishnan, Lead Adviser, NITI Aayog, India
- Deborah Elms, Executive Director, Asian Trade Centre
- Cyn-Young Park, Director, Regional Cooperation and Integration Division, Economic Research and Regional Cooperation Department, ADB
- Kevin Pereira, Operating Managing Director, Vickers Venture Partners
- Michael Plummer, Director, SAIS Europe; Eni Professor of International Economics, Johns Hopkins University
- Christian Viegelahn, Senior Economist, Regional Office for Asia and the Pacific, International Labour Organization
SEADS 2022, "Sustainable Solutions for Southeast Asia's Recovery," was held on 16–17 March.